Bell Recognized by Preqin’s 2014 Global Real Estate Report
Greensboro, NC – Preqin’s 2014 Global Real Estate Report named Bell Partners Inc., one of the nation’s leading apartment investment and management companies, as “a consistent performing real estate fund manager” for 2013.
The 2014 Preqin Global Real Estate Report analyzes and illustrates which real estate fund managers have performed the most consistently across the last year. The report is based on a universe of 119 firms and 675 funds fulfilling the selection criteria.
Lili Dunn, Bell’s Chief Investment Officer, said, “We are thrilled with Preqin’s special recognition. We have worked hard to consistently deliver exceptional returns to our investors and are focused on maintaining a disciplined investment strategy and leveraging our extensive platform to maximize the performance of our Funds.”
According to Preqin’s new report, Bell manages three funds with quartile rankings including two in the top quartile and one in the second quartile with an average score of 1.33. The real estate fund managers listed in Preqin’s report are managers for which Preqin holds fund performance data and their funds have been assigned quartile rankings. Preqin only assigns quartile rankings to mature funds where the IRR is more meaningful. An average score close to 1.00 implies that a specific fund manager is among the most consistent performing fund managers in the industry.
Methodology
The real estate fund managers listed in Preqin’s report are managers for which Preqin holds fund performance data and their funds have been assigned quartile rankings. Preqin only assigns quartile rankings to mature funds where the IRR is more meaningful, so funds with a more recent vintage (2011-2013) will not have been assigned quartile rankings. The tables are further restricted to active fund managers that have raised at least three funds of a similar strategy in the past six years or are currently raising a fund of a similar strategy.
The fund managers in the tables are ordered by their average quartile ranking scores, from lowest to highest. The average scorings are calculated by assigning top quartile funds with a score of one, second quartile funds are given a score of two and so on, and then taking an average of these scores. An average score close to 1.00 implies that fund manager is among the most consistent performing fund managers. Only fund managers that have achieved an average score of 2.00 or better are listed in the tables.
About Bell Partners Inc.
Bell Partners Inc. is one of the country’s leading apartment investment and management companies. The company invests capital on behalf of accredited high net worth and institutional investors. Bell Partners is the 12th largest apartment operator in the United States, according to the National Multi-Housing Council. Founded more than 35 years ago, Bell Partners now owns or operates 220 apartment properties, with over 64,000 apartments, located generally along the East coast and Southwest.
About Prequin
Preqin is the leading source of information for the alternative assets industry, providing data and analysis via online databases, publications and bespoke data requests.
Preqin has built a reputation in the alternative assets industry for providing the most comprehensive and extensive information possible. Leading alternative assets professionals from around the world rely on Preqin’s services daily, and its data and statistics are regularly quoted by the financial press. For more information, please visit: www.preqin.com.
About Bell Partners Inc.
Established in 1976, Bell Partners Inc. (“Bell Partners” or the “Company”) is a privately held, vertically integrated apartment investment and management company focused on high-quality multifamily communities throughout the United States. Bell Partners has over 60,000 units under management and over 20,000 apartments under renovation. The Company has over 1,600 associates and 6 offices (including its headquarters in Greensboro, NC) and offers an extensive and full service operating platform containing expertise in acquisitions and dispositions, financing, property operations, construction, accounting, risk management, market research and all other related support functions. Bell Partners is led by a senior management team with an average of over 20 years of experience that has invested throughout all phases of the real estate cycle and has helped the Company complete over $10 billion of apartment transactions since 2002, including almost $1.5 billion of activity in 2015 alone. For more information, visit our website at www.bellpartnersinc.com.
CONTACTS:
Kevin Thompson
Phone: 336.232.1993
Email: bkthompson@bellpartnersinc.com
Laurenn Wolpoff
Phone: 917.518.9011
Email: lwolpoff@prosek.com